Prince Alwaleed featured in Bloomberg ‘billionaires index’ with $30.5bn fortune

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), has been featured in Bloomberg’s billionaires index with a personal fortune of $30.5 billion as of February 25.
The Bloomberg Billionaires Index is a daily ranking of the world's richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available.
The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg News reporting, according to a KHC statement.
Each net worth calculation is updated every business day at 5:30 p.m. in New York.
Stakes in publicly traded companies are valued using the share's most recent closing price.
Valuations are converted to US dollars at current exchange rates.
Moreover, Prince Alwaleed was ranked number one in the Arabic and English issues of Arabian Business Magazine's World’s Richest Arabs list, 2013, with a personal fortune of $31.2 billion.
Also, in 2013 Hurun Report, China, released its Hurun Global Rich List 2013 in which Prince Alwaleed was ranked with a fortune of $29 billion.
In 2013, Prince Alwaleed announced that he was severing ties with the Forbes Billionaires list.
The prince took this step as he felt he could no longer participate in the process that resulted in the use of incorrect data and seemed designed to disparage Middle Eastern financial institutions such as the Saudi stock exchange, which Prince Alwaleed believes resulted in deeply flawed results.
As a result, neither Prince Alwaleed nor Kingdom Holding Company provided any information or assistance to Forbes, or participated in the 2014 wealth estimation process in any way.
According to the KHC statement, Prince Alwaleed is known for his precision for exploring new and potential business opportunities and ventures in synchronization with the direction and fluctuations of the economic climate.